Shandong Yanzhou Coal Australian Corporation even the loss of three years or longer bid for Australi antik

Shandong Yanzhou Coal Australian Corporation even the loss of three years or longer bid for Australia’s coal mining enterprises according to Australian media reports, Yanzhou Coal Australia (Yancoal) and Glencore (Glencore) is bidding for Rio Tinto (Rio Tinto) coal assets in Australia, and negotiations have entered the final stage. Deutsche Bank on behalf of Rio Tinto company responsible for the sale of coal mine. Allegedly no party due diligence on individual assets, Deutsche Bank and the two bidders also negotiate. The sale of coal assets of large scale, high quality, or the price of more than $1 billion. Rio sold mine including Rio Tinto company located in New South Wales, the Hunter Valley (Hunter Valley) and sorrie Walker Wirth (Mount Thorley Warkworth), mining area, which is located in Queensland (Hail Creek) and hell Creek coal mine Windhover (Kestrel). Yancoal Australia is Australia’s largest export coal mining business, has 7 operating mines in Queensland and South Welsh, the main production of coking coal, pulverized coal and coal power. Public information, the company registered capital of $3 billion 106 million, equivalent to RMB 14 billion 700 million yuan. Data show that the 2013-2015 of Yanzhou Coal Australia consecutive losses, three years after tax profit was -8.321 billion, -3.535 billion and -2.912 billion Australian dollars. (hexun.com)